Startups are going through a tough time. They are in news for all the wrong reasons, especially because they have been on a firing spree since the year 2017 has begun.As investors are tightening their purse strings and startups are now focussing on revamping operations and making profits, startups are targeting employees and cutting the workforce.
In 2017, many small businesses such as YepMe, Craftsvilla, etc have been giving their employees nightmares, who are worrying over pink slips.
The scenario at India’s third online marketplace Snapdeal is also not good as it has fired over 600 employees so far.
The companies are looking to trim costs and employees are staring at job cuts.
Here are 5 companies that have massively laid-off employees